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Monday, 18 July 2016

DAILY TRADING TIP FOR STOCK CASH

SELL wockpharma at 925 TGT 915/902 SL 940

The Sensexdipped
90 points to end at 27,747, after hitting an intra-day high of 28,014. The
Nifty slipped 33 points to close the session at 8,509 after hitting an intra-day
high of 8,587. Wiping out most of its early
gains the Indian stock market closed lower on Monday. The Nifty fell below the crucial 8,500 mark during
trades as profit booking emerged after benchmark indices hit fresh 2016 highs.
Selling pressure was seen in telecom, realty, energy, metal, oil and gas,
Mastek slipped 3.5% to Rs.135.
Mastek reported consolidated net profit of Rs.3.58 crore for the quarter ended
30th June,2016 registering a decline of 38.90% qoq and 19.19% yoy. LT Foods soared 4.8% to
Rs.298. The company acquired iconic brand 817 Elephant brand of rice through its
UK subsidiary LT Foods International Limited to further strengthen its existing
presence in Canada, USA and Israel.

GLOBAL MARKET:

On the global front, Asian stocks closed on mixed note. The
Shanghai Composite index closed marginally lower. Hong Kong’s Hang Seng index
and Nikkei 225 gained ended higher by 0.66% each. European markets were
trading mixed as investors digest a number of geopolitical events including the
failed coup in Turkey. The FTSE 100 was trading up 0.41%. DAX and the CAC 40
were trading lower.